We say: “It’s better to cut back than to cut out”

It’s true. The unsteady economy is altering people’s attitudes towards their employee retirement savings. Job insecurity, infrequent raises and higher food prices present a financial challenge. So how do you continue to invest? Take control in small ways. We recommend doing a personal inventory for 2 weeks to identify what you spend on “thingsâ€�. We’re not talking about your monthly electric bill nor do we think you should give up your daily cappuccino. (We drink lots of coffee and wouldn’t dream of giving it up.) Here are 4 easy ways to ‘cut back’ on spending so you don’t have to ‘cut out’ your employee retirement plan contributions. Read More»

The market is in a correction. Everyday you hear some kind of bad financial news. Well, it’s o.k. to feel nervous-who wouldn’t be? In times like this you need a cool head and we’ll gladly take the role. We’re talking about mutual funds, of course, and more specifically your Employee Retirement Plan (401k,403b,457b).

First, take a breather and relax-never make an emotional or reactionary decision that could cost you later. Are you tempted to put your retirement money in cash? Don’t do it-it’s a mistake. When the stock market corrects itself-and it will, you’ll be late to the party and miss the upswing. Read More»